GAM Holding AG Sells 484 Shares of S&P Global Inc. (NYSE:SPGI)

GAM Holding AG lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,088 shares of the business services provider's stock after selling 484 shares during the period. GAM Holding AG's holdings in S&P Global were worth $2,534,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SPGI. Exchange Traded Concepts LLC boosted its stake in S&P Global by 163.5% during the third quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider's stock worth $116,000 after acquiring an additional 139 shares in the last quarter. Creative Planning boosted its stake in S&P Global by 13.0% during the third quarter. Creative Planning now owns 51,561 shares of the business services provider's stock worth $26,638,000 after acquiring an additional 5,913 shares in the last quarter. Swedbank AB boosted its stake in S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider's stock worth $450,280,000 after acquiring an additional 92,115 shares in the last quarter. Global Retirement Partners LLC raised its holdings in S&P Global by 13.2% in the third quarter. Global Retirement Partners LLC now owns 1,224 shares of the business services provider's stock worth $632,000 after buying an additional 143 shares during the last quarter. Finally, Howard Capital Management Group LLC raised its holdings in S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after buying an additional 28 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of SPGI traded down $2.38 during mid-day trading on Friday, hitting $533.05. 1,335,113 shares of the company traded hands, compared to its average volume of 1,359,665. The stock has a 50-day moving average price of $510.08 and a two-hundred day moving average price of $509.03. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $164.07 billion, a price-to-earnings ratio of 43.16, a P/E/G ratio of 2.44 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the business earned $3.13 earnings per share. Equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.72%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global's payout ratio is 29.47%.

Analysts Set New Price Targets

SPGI has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 target price for the company. BMO Capital Markets lifted their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Wells Fargo & Company lifted their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Oppenheimer decreased their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $590.23.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.